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12.000. Your bankers (HFC) have agreed to lend you Gh 12,000 and it would be...

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12.000. Your bankers (HFC) have agreed to lend you Gh 12,000 and it would be repaid by making equal annual payment for four years. The interest rate on the loan is 25% per year. Show with the help of an amortization schedule how the loan will be repaid. Compute how much interest you will pay over the life of the loan

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